UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 7, 2022
PARKERVISION, INC. |
(Exact Name of Registrant as Specified in Charter) |
Florida | | 000-22904 | | 59-2971472 |
(State or Other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
4446-1A Hendricks Avenue, Suite 354, Jacksonville, Florida | | 32207 |
(Address of Principal Executive Offices) | | (Zip Code) |
(904) 732-6100
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | | Trading Symbol | | Name of Each Exchange on Which Registered |
None | | | | |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 7, 2022, the Board of Directors (“Board”) approved a performance bonus for Ms. Cynthia French, the Company’s chief financial officer, that included $20,000 in cash and 166,390 restricted shares under the Company’s 2019 Long-Term Incentive Plan (the “2019 Plan”). The restricted shares vest immediately and have a grant-date fair value of approximately $30,000. The bonus was awarded as consideration for Ms. French’s continued contribution to the Company, the continuation of her voluntary reduction in base salary of $45,000 annually since July 2018, and the substantial savings in outside professional fees she has enabled by bringing significant activities in-house.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: July 8, 2022 | | | |
| | PARKERVISION, INC. | |
| | | |
| | By /s/ Jeffrey Parker | |
| | Jeffrey Parker | |
| | Chief Executive Officer | |
